
Betty and John, are in their
mid-seventies and are currently weighing the advantages and disadvantages of a
reverse mortgage as a way of freeing up some
cash.
The couple purchased their home 45 years ago for about $14,000
since then home values have skyrocketed and recent single family homes in their
neighborhood have been selling for a minimum of $160,000.
Like Betty and John, if you’re considering a reverse mortgage it’s
important to do some research prior to making a decision. You not only need to
understand the basic principles...